Commodities snapshot (precious & industrial)

Metal pack is down today. Performance this week at a glance in chart & table -

Gold -

• Gold retraced back yesterday's entire gains, suggesting price might drop further. Today's range $1073-1058
• Gold is currently trading at $1061/troy ounce. Immediate support lies at $1050, $1030 and resistance at $1108 area.

Silver -

• Silver down but better performer than gold. Today's range $13.95-14.26
• Silver is currently trading at $14.02/troy ounce. Support lies at $13 & resistance at $14.2, $15.5.

Copper -

• Copper gave up its yesterday's gains. Today's range $2.04-2.08
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $2.05/pound, immediate support lies at, $2 & resistance at $2.35.

Gold	-1.30%
Silver	+0.83%
Copper	-2.47%